Chorus Aviation

Chorus Aviation in its $85 million bought deal offering

Client

Chorus Aviation

Value

$85 million

Service

Capital Markets

Date Closed

September 2021

Industry

Aerospace & Defence

Lead Office

Toronto

 

On September 27, 2021, Chorus Aviation completed its $85 million bought deal offering of 5.75% senior unsecured debentures. The proceeds from the offering will be used to repay existing debt, including its 6.00% senior debentures due December 2024 and its US$100 million revolving facility, as well as for working capital and general corporate purposes.

Headquartered in Halifax, Nova Scotia, Chorus is a global provider of integrated regional aviation solutions.

Osler, Hoskin & Harcourt LLP advised Chorus Aviation with a team consisting of Alex Gorka, Tara Law and Kevin Feng (Corporate), David Davachi and Emily Gilmour (Tax).